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Investments glossary

Pennant


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Quotes of the day:

Chains are chains even if made of gold, they just tie you.

— Patrick Mahony

In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines – the pennant – followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.

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